市场调查报告书
商品编码
1461227
夹芯板市场评估:依材料类型、结构类型、应用、最终用户产业和地区划分的机会和预测(2017-2031)Sandwich Panels Market Assessment, By Material Type, By Construction Type, By Application, By End-use Industry, By Region, Opportunities, and Forecast, 2017-2031F |
全球非住宅建筑活动的繁荣正在推动市场成长。 根据 GCP Global 最近的一份报告,到 2030 年底,包括非住宅建设项目在内的全球建筑业预计将达到 8 兆美元。
建筑活动的增加,特别是在亚太地区,正在推动夹芯板市场的收入成长。 截至2023年12月,马来西亚槟城晶片封装工厂正处于建设阶段,预计该项目建设将于2024年底完成。
由于多种因素,包括联邦基础设施支出增加、私人项目大规模融资以及强劲的建筑需求,非住宅建筑活动正在增长。 非住宅建筑活动的增加正在推动对夹芯板的需求,以确保良好的绝缘和防水性能,从而推动市场成长。
非住宅建设项目日益增长的吸引力推动了市场成长:
与其他系统相比,夹芯板可以快速製造和安装,并提供卓越的隔热性能。 夹芯板用于屋顶和外墙,以及需要隔热的内部隔间。 此外,夹芯板具有能源效率,即使使用不燃绝缘材料也可以最大限度地减少烟雾污染。 因此,它被用于非住宅建筑项目,如工业建筑、工厂、仓库、公共设施和清理项目。 公私合作项目的增加、政府对商业建筑开发的资金激增以及公共建筑改造活动的增加是刺激非住宅建筑项目发展的一些关键因素。
最近的产品创新促进了市场成长:
由于最近的产品创新和技术进步,夹芯板市场正在经历成长。 这些创新包括开发可回收和生物基夹芯板解决方案,以及整合 3D 列印和智慧材料等先进技术,特别是在航空航天行业。 对轻质材料的需求不断增长,以及减少建筑项目燃料消耗和排放的需求不断增长,预计也将推动未来几年夹芯板的需求。 领先的夹芯板製造商正在致力于新产品的开发,以增加其在全球的市场占有率。
亚太地区在整个市场中所占的巨大收入占有率
由于建筑业的需求不断增加,夹芯板市场在亚太地区不断扩大,特别是在印度、中国和东南亚等国家。 此外,住宅建设的增加也促进了预测期内的市场成长。 政府对新基础设施项目开发的投资增加以及住房建设项目公私合作的激增正在推动亚太地区建筑业的收入成长,从而推动市场成长。
本报告调查了全球夹芯板市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素分析、案例研究、竞争格局、主要公司的简介等等。
Global sandwich panels market size was valued at USD 7.76 billion in 2023, which is expected to grow to USD 14.58 billion in 2031, with a CAGR of 8.2% during the forecast period between 2024 and 2031. The booming non-residential construction activities at the global level are driving the growth of the market. For instance, according to the recent report published by GCP Global, the global construction industry, including non-residential construction projects, will reach USD 8 trillion by the end of 2030.
The rise in building and construction activities, especially across the Asia-Pacific region, is fostering the revenue expansion of the sandwich panels market. For example, as of December 2023, the Penang Chip Packaging Facility in Malaysia is under the construction phase. The construction of the project will be completed by the end of the year 2024.
Non-residential construction activities are growing due to various factors, such as increased federal infrastructure spending, exorbitant financing costs for private projects, and a strong demand for construction. Hence, the rise in non-residential construction activities is fueling the demand for sandwich panels to ensure superior thermal-humidity insulation and waterproofing, which, in turn, is boosting the growth of the market. In addition, the recent government initiatives for the development of affordable housing projects, increasing demand for larger living spaces, and the development of high-rise residential buildings are the key trends accelerating the surge in the development of new residential projects. Therefore, the booming residential construction activities are fueling the demand for sandwich panels to prevent mold and humidity. This prominent aspect is proliferating the growth of the market.
The development of a new range of sandwich panels with improved performance efficiency will create a lucrative growth outlook for market growth in the long run. For instance, in April 2022, Romakowski GmbH & Co. KG, a Germany-based manufacturer of sandwich panels introduced the latest range of sandwich panels, including FV, FP, FD, or eco range to ensure superior performance efficiency & insulation. However, the limited flexibility associated with the sandwich panels is posing a roadblock to the growth of the market.
Increasing Traction from Non-residential Construction Projects is Augmenting the Market Growth
Sandwich panels are manufactured and installed quickly, and they offer better insulation compared to other systems. Sandwich panels are used on roofs and facades, and they can also be found for interior partitions that require insulation. Additionally, sandwich panels are highly energy-efficient and ensure minimized smoke contamination when non-combustible insulation is deployed. As a result, sandwich panels are utilized in non-residential construction projects, such as industrial buildings, factories, warehouses, public buildings, and purification projects. The increasing public-private partnership projects, the surging government funding for the development of commercial buildings, and the rising renovation activities related to public buildings are some of the prime aspects spurring the development of non-residential construction projects.
For instance, several upcoming semiconductor manufacturing plants under the development phase include USD 100 billion Micron 'megafab' in the United States (completion year 2024), USD 40 billion TSMC fabs in the United States (completion year 2026), and USD 10.3 billion Nanya chip facility in Taiwan (completion year 2025). Likewise, in December 2023, Panattoni announced the development of a new 360000 square feet warehouse in India. Therefore, it is evident from the above data the development of non-residential construction projects will continue to prosper, thereby accelerating the growth of the sandwich panels market.
Recent Product Innovations Related to Sandwich Panels is Supplementing the Market Growth
The sandwich panels market is experiencing growth due to recent product innovations and technological advancements. These innovations include the development of recyclable and bio-based sandwich panel solutions, as well as the integration of advanced technologies like 3D printing and smart materials, particularly in the aerospace industry. Also, the increasing demand for lightweight materials and the rising need to reduce fuel consumption and emissions in construction projects are expected to drive the demand for sandwich panels in the upcoming years. As a result, the leading manufacturers of sandwich panels are developing a new range of products to increase their market share at the global level.
For instance, in June 2023, the Gill Corporation, headquartered in the United States, introduced a new range of sandwich panels named Gillfab 4037. The Gillfab 4037 sandwich panel is composed of a Dura-Core II aluminum honeycomb core and 7581 fiberglass cloth-reinforced epoxy laminate facings. The sandwich panel is designed for non-structural interior applications in business aircraft. Henceforth, the recent innovations associated with the sandwich panels equipped with superior efficiency and durability will boost the demand for panels having applications in wall, roof, and insulated panels, thereby creating a prominent potential for market growth in the coming years.
The Significant Revenue Share of the Asia-Pacific Region in the Overall Market
The market for sandwich panels is increasing in Asia-Pacific due to the growing demand from the building and construction industry, particularly in countries such as India, China, and Southeast Asia. Additionally, the increasing construction of residential buildings is also contributing to the market growth in the forecast period. The increasing government investments in the development of new infrastructure projects and surging public-private partnerships for residential construction projects are boosting the revenue growth of the building and construction industry in the Asia-Pacific region, thereby fostering the growth of the market.
For instance, in the year 2023, multiple building and construction projects commenced in the Asia-Pacific region, including Infosys Pocharam Office Campus Expansion in India (project completion year 2027), Qinzhou Petrochemical refining and chemical integration upgrade project in China (project completion year 2025), Chashma Power Plant Unit V 1200 MW in Pakistan (project completion year 2030), and Dushanzi Petrochemical Complex in China (project completion year 2026). Furthermore, according to the recent survey conducted by the CBRE Group Inc. in July 2023, approximately 68% of the logistics players across the 120 countries in the Asia-Pacific region plan to acquire and occupy more space over the next three years. This expansion strategy for warehouses will create a prominent scope for demand growth of the sandwich panels to ensure superior insulation in such facilities. As a result, the recent ongoing development of building and construction projects across the Asia-Pacific region is spurring the growth of the sandwich panels market.
Government Initiative Act as a Catalyst
Various countries at the global level are taking initiatives to aid the growth of the sandwich panels market. For instance, drafted by European standardization bodies (CEN-Cenelec) in response to mandates from the Commission, harmonized standards outline methods and criteria for evaluating the performance of construction products concerning their essential characteristics. The Commission is responsible for verifying the alignment of these standards with the issued mandates. Upon confirmation of conformity, the Commission publishes the references of harmonized standards in the Official Journal of the EU (OJEU). For instance, standards like EN 12467:2012+A2:2018 for fiber-cement flat sheets and EN 1279-5:2018 for insulating glass units (IGU) intended for buildings are included in the OJEU, as seen in OJ L 77, 20.3.2019.
In addition, European Assessment Documents (EADs) serve as alternatives to harmonized standards and apply to construction products not addressed by these standards. When the manufacturer of a construction product lacking coverage under a harmonized standard seeks to affix the CE mark, they must request a European Technical Assessment (ETA) from a Technical Assessment Body (TAB). The ETA is subsequently issued, relying on harmonized technical specifications outlined in a European Assessment Document (EAD). Coordination and adoption of the European Assessment Document are overseen by the European Organization for Technical Assessment (EOTA). This organization, established under the Construction Products Regulation (CPR), functions as a Europe-wide association of technical assessment bodies for construction products.
Future Market Scenario (2024 - 2031F)
Sustainable building and construction materials will scatter the market in prospects.
Government initiatives for new residential projects, especially in Middle Eastern, Asia-Pacific, and Latin American regions, will boost the demand for sandwich panels, thereby spurring the market growth at the global level.
Polyurethane-based sandwich panel will capture further traction to upscale market growth in the upcoming years.
Growing demand for larger commercial spaces in Europe, along with the American region, will supplement the growth of the market in the long run.
Key Players Landscape and Outlook
ArcelorMittal, Areco., Assan Panel A.S., Building Components Solutions LLC, Kingspan Group, Tata Steel, Italpannelli Srl, DANA Group of Companies, Multicolor Steels (India) Pvt. Ltd., and Rautaruukki Corporation are the dominant players in the global sandwich panels industry. These companies are actively leveraging their technical potential and expertise for the development of a new range of products related to sandwich panels and increasing their research and development (R&D) capabilities to expand their revenue share in the global sandwich panel market. These strategies are elevating the sandwich panels market competition among the key players at the global level.
In October 2022, Ireland-based Kingspan, a leading manufacturer of sandwich panels, acquired Invespanel, a mineral wool-based sandwich panel manufacturer in Spain. The prime focus of the acquisition was to increase Kingspan's industry position in the European market.
In January 2022, ArcelorMittal, based in Luxembourg launched Maukathem T iQ, a new range of roof-insulating sandwich panels. The product is ideal for application in residential and non-residential construction projects. The prime of the launch was to increase the product availability in the global sandwich panels market.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.